IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, May 26, 2011

Minister Olofsson happy with Pang Da meeting

This evening Sweden's Minister of Enterprise and Energy, Ms. Maud Olofsson, met CEO of Pang Da Automobile Mr. Pang Qinghua and Saab's CEO Mr. Victor Muller. After the meeting Ms.Olofsson said it had been a good information meeting.

"Pang Da talked about what opportunities they see for Saab to enter the Chinese market. The company is of course an interesting partner, given that an increase of sales is what Saab needs," Olofsson told Dagens Industri.

Pang Da told the Minister that if Saab's sales develop like they believe they will in China, production in Trollhättan will increase. 

"I think it was good to meet them and hear their description of how they look at Saab's capabilities. Their response was that even when Saab starts production in China, the production in Sweden will continued to be important," Olofsson said.

It is the Swedish National Debt Office that will do the ownership review of Pang Da and decide whether the company will be allowed as an part owner of Saab or not.

"It was an excellent meeting," was Victor Muller's only comment before he left the Ministry smiling.